According To Warren Buffett’s Own Methods Stocks Are Not At All ‘Fairly-Priced Relative To Interest Rates’
Many people and pundits, including none other than Warren Buffett, continue to insist that stocks look fairly priced relative to interest rates. For the moment I will ignore the fact…
Read MoreHow The Popularity Of Passive Investing Precludes A Pleasant Outcome
One question passive investors may want to ask themselves today is, ‘When has any investment strategy become as popular as passive investing has today and also had a pleasant outcome?’…
Read MoreAll You Need To Know About The Fed In Just 2 Charts
The Fed was created in 1913 in response to the Panic of 1907. Its original mandate was to promote the sort of financial stability that would prevent or at least…
Read MoreStock Market Breadth Is Much Worse Than This Popular Measure Indicates
There are some strange things going on in certain breadth measures of the broad stock market right now. The most popular measure of market breadth has to be the NYSE…
Read MoreThe Great Equity-For-Debt Swap
There’s been a lot of attention paid to the amount of equity that has been removed from the markets by corporate takeovers and buyback programs. Bloomberg recently put the number…
Read MoreHave We Learned Nothing From The Financial Crisis?
One of the hottest ‘Trump triumph trades’ late last year was the financial sector. Banks stocks soared in the immediate aftermath of the election leaving some to question why they…
Read MoreThe Great Passive Investing Bait-And-Switch
One problem with “passive investing” (which I have argued is actually an oxymoron) is the fact that it’s systematically buys high and sells low. This is simply a product of…
Read MoreGot Gold?
While everyone pays such close attention to every tick of the stock market and the cryptocurrencies, gold has been quietly flying under the radar. Not many have noticed that it’s…
Read MoreBy This Measure The Current Stock Market Bubble Is Far Bigger Than The Dotcom Bubble
My friend, Dr. John Hussman, recently pointed out that stocks have now achieved a valuation altitude that is extremely rare. Only during the week of March 24, 2000, the very…
Read MoreWhy You Should Wear Your Twitter Trolls Like A Badge Of Honor
There’s been a lot of noise recently regarding some very high profile people leaving twitter due to the trolling so prevalent on the platform. I’ve been on twitter for about…
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